you'll need a lawyer for a 1031, there are a ton of rules

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Apr 22, 2021
2:15:55pm

Cougarclaw Truly Addicted User

you'll need a lawyer for a 1031, there are a ton of rules

but I don't think you're allowed to use 1031 for your primary residence.

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Cougarclaw

Previous username: BigWoodThunder
Bio page: Cougarclaw
Joined: Jun 22, 2011
Last login: May 3, 2024
Total posts: 59,624 (14,936 FO)

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Messages

Author

Time

Just sold our first rental property.

Cougarclaw

4/22/21 1:46pm

Nice, now starts the capital gain remorse

Samuel Hall Society

4/22/21 1:48pm

well, we got out of Oregon so won't regret that.

Cougarclaw

4/22/21 1:50pm

Can always Section 1031 and avoid capital gains--45 days to identify a new propt

Incentivize

4/22/21 1:57pm

Really? I might need to use this soon.

Penske Material

4/22/21 2:12pm

you'll need a lawyer for a 1031, there are a ton of rules

Cougarclaw

4/22/21 2:15pm

You can only 1031 rental properties. For primary properties you have to

4/22/21 2:18pm

Had to follow complex rules before he sold. Afterwards doesn’t work

Zaphod

4/22/21 2:33pm

I just did this with the rental I sold, it was fairly straight forward.

Wizbang

4/22/21 3:33pm

Did you sell just because you are moving snd didn’t want to use

USMCdad

4/22/21 2:24pm

Now put all of those funds into safeplanet, my new crypto

Unibro

4/22/21 3:03pm

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